The Company was promoted by the Rayanis with trading experience of over three decades in the industry. Panama Petrochem was incorporated in the year 1982 as a private limited company at Ankleshwar registered with Registrar of Companies, Ahmedabad, Gujarat with an Equity Capital of Rs. 15,00,000 for manufacture and marketing of Petroleum Speciality Products namely Agricultural Spray Oil, Dewatering Fluid and Liquid paraffin (I.P.) (Light). It was converted into a Public Limited Company on 6th December, 1993. The company sells their products under the Name 'PANAMA'. The installed capacity as on 31.03.94 was 4300 K.L. 2005 -Panama Petrochem Ltd has recommended the Final Dividend of 9% 2006 -Panama Petrochem Ltd has recommended a dividend of 30% -Certified Star Export House --Mr Dilip S Phatarphekar & Mr Madanmohan S Jain has been appointed as Additional Directors of the Company 2007 -Panama Petrochem Ltd has recommended a dividend of 30% 2008 -Panama Petrochem Ltd has recommended a final dividend of 40% -Plant at Taloja 2009 -Panama Petrochem Ltd has recommended a final dividend of 40% 2010 -Panama Petrochem Ltd has recommended a final dividend of 50% -Plant at Dahej 2011 -Panama Petrochem Ltd has recommended a final dividend of 50% -Panama Petrochem Ltd has declared interim dividend @ Rs. 3/- per equity share (30%) - Company listed at NSE 2012 -Panama Petrochem Ltd has recommend Final Dividend @ Rs. 2/- per equity share (20%) 2013 -Board has recommend a Dividend of Rs.4/- per equity share (40%) for the year 2013. 2014 -Board has recommend a Dividend of Rs.6/- per equity share (60%) for the year 2014. -Panama Petrochem has splits its face value from Rs 10/- to 2/- 2015 -Certification of Halal registration 2017 -The Company has issued Bonus Shares in the Ratio of 1:2.